China blast furnace

South Korea : Major steel mills to cut prices up to $15/t

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in Melting Scrap

South Korean steel mills will reduce their scrap buy prices by up to KRW 20,000/t ($15/t).
Hyundai Steel (Incheon & Dangjin works) will cut prices by KRW 10,000/t ($7/t) from 18 Nov. Dongkuk Steel (Incheon works), and SeAh Besteel, will cut prices by KRW 10,000/t, and KRW 15,000/t($11/t) respectively, from 19 Nov.
Daehan, YK, and Korea Steel will reduce scrap buy prices by 20,000/t ($15/t) from 18 Nov.

Daehan Steel Dongkuk steel scrap purchase prices Hyundai steel bid price SeAH besteel scrap South Korea Scrap buy price YK Steel

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